Key Takeaways
- Indigo Ag and Truterra have announced a strategic collaboration to simplify and expand the adoption of agricultural sustainability solutions.
- The partnership combines Indigo’s science, data, and technology capabilities with Truterra’s farmer engagement and ag retailer network.
- The collaboration seeks to establish a common framework for standardized, high-integrity sustainability programs to meet the demands of downstream buyers and benefit farmers.
- The initial focus for the 2025 crop season includes expanding access to carbon credits and scope 3 emissions reduction programs.
- Farmers will gain actionable insights and streamlined access to programs tailored to their operations.
Addressing Complexity in Agricultural Sustainability
Indigo Ag and Truterra announced a partnership to address challenges in the agricultural sustainability space, such as the lack of standardization and complexity in navigating existing programs. The collaboration aims to streamline processes for farmers and supply chain participants while increasing the credibility and predictability of sustainability outcomes.
The initiative combines Indigo’s expertise in technology and data with Truterra’s established network of ag retailers and farmer-focused engagement model. Together, the companies aim to simplify program choices for farmers and deliver actionable insights through aggregated and standardized data.
Ewan Lamont, Head of Indigo’s Sustainability Solutions, highlighted the partnership’s goals: “Working together, we can address the confusion among farmers and other value chain participants as they navigate multiple, often incompatible, ag sustainability programs. This collaboration will accelerate the adoption of solutions that create value for farmers, meet the needs of the value chain, and benefit the planet.”
Streamlining Sustainability Programs for Farmers
The partnership seeks to make it easier for farmers to select programs that align with their operations. Ag retailers, acting as trusted advisors, will play a key role in guiding farmers to the right sustainability initiatives. Farmers will also benefit from insights generated by data standardization, improving decision-making and program compatibility.
Jamie Leifker, President of Truterra, noted: “Truterra’s network of ag retailers is positioned to guide farmers to programs that best match the needs of their operations. Partnering with Indigo Ag will help deliver consistent and standardized solutions while fostering confidence in downstream buyer relationships.”
Key Focus Areas for 2025
The initial priorities for the collaboration include:
- Carbon Credit Access: Expanding registry-based credit opportunities through Indigo’s carbon program for farmers and ag retailers in the Truterra network.
- Scope 3 Emissions Reduction: Scaling programs for companies seeking to reduce supply chain emissions using consistent standards.
Indigo Ag Latest News
Indigo Ag Unveils Major Updates to Carbon Program, Boosting Financial Returns for Farmers (2024/06/06)
Indigo Ag has announced significant updates to its carbon program, aiming to maximize financial returns for farmers and agribusiness partners. The program has been simplified, allowing farmers to be onboarded in minutes instead of days, and has increased the value per acre. The updated program is more precise in capturing on-farm activities, yielding more carbon impact per acre starting with the upcoming fourth carbon crop. The carbon credit prices have surged from $20-$40 per credit to as high as $80 per credit, with 75% of the weighted price going back to the farmer. The data collection process has become 80% more efficient, allowing farmers to submit data in as little as 30 minutes. The program is now available nationwide across the continental US, opening doors to new markets and allowing farmers and agribusiness partners to capitalize on the growing demand for sustainable practices.
Launches New Business Units in Reorganization (2024/05/03)
Indigo Ag has established two new business units: Sustainability Solutions and Biological Products, as part of a significant reorganization. This move is aimed at streamlining operations and strengthening the company’s focus on key strategic areas. The new structure is designed to enhance decision-making, align commercial goals with accountability, and drive efficiency. The leadership team has been revamped to bring extensive expertise in agriculture, science, and technology. The company is focused on accelerating revenue growth and implementing a lower cost structure to de-risk its path to profitability. CEO Dean Banks expressed enthusiasm about the company’s trajectory and highlighted its role as a leader in sustainable agriculture.
Partners With Red Trail Energy (2024/04/24)
Indigo Ag and Red Trail Energy are collaborating to source low carbon intensity (CI) corn from farmers employing sustainable practices. Indigo’s technology will measure field-level carbon intensity and ensure compliance with clean fuel calculators. The partnership will help RTE derive benefits from clean fuel markets in the U.S. and Canada, starting with the 45Z tax credit in January 2025. The 45Z tax credit will reward RTE with 2 cents per gallon for every CI point reduction below the minimum threshold.
Completes Successful Third Carbon Crop (2024/02/27)
Indigo Ag’s third carbon crop produced a record-breaking 163,048 carbon credits, marking a significant year-over-year growth in credits, farmers paid, and fields filed. Since 2019, farmers in Indigo Ag’s carbon program have sequestered or abated nearly 300,000 metric tons of carbon dioxide, earning over $12 million to date. The program has seen a substantial increase in new acres, fields, and grower participation, indicating a rising trend in adopting sustainable farming practices. Indigo Ag’s success showcases a model where environmental stewardship and economic prosperity go hand in hand, paving the way for a future where farming not only feeds the world but also heals it.
Announces Expansion in Türkiye and European Markets (2024/02/21)
Indigo Ag has expanded its partnership with Galeri Ziraat in Türkiye, aiming to enhance agricultural sustainability and efficiency by distributing its microbial seed coatings, like the biotrinsic® products, across new European markets. This strategic expansion is set to improve crop efficiency and resilience, with the partnership already showing proven results in increased yields for maize, cotton, and winter cereals. The collaboration marks a significant step in Indigo Ag’s efforts to deliver innovative solutions that support sustainable farming practices and contribute to a more resilient agricultural sector, with plans to extend these benefits to farmers in Bulgaria, Croatia, Czech Republic, Poland, Romania, Serbia, Slovakia, and Spain in 2024.
Appoints Dean Banks As CEO & Banks $270M (2024/01/10)
Indigo Ag, a leader in sustainable agriculture, recently appointed Dean Banks as CEO. Banks brings vast experience from his previous roles at Tyson Foods and Alphabet’s X, among others. His appointment is seen as a strategic move for Indigo Ag, especially following the recent close of the company’s financing round. Indigo Ag recently closed a significant financing round of nearly $270 million, involving major investors like Flagship Pioneering and new stakeholders.
Expands Its Scope 3 Product Suite (2023/12/08)
Indigo Ag, an agtech company, offers a customizable and comprehensive suite of products to measure, reduce, and report Scope 3 emissions for agribusinesses and consumer goods companies. Its solutions are highly accurate and reliable, supported by the industry’s most robust MRV capabilities and the only soil carbon model validated by Climate Action Reserve’s Soil Enrichment Protocol and scientific peer review. The company’s successful track record in Scope 3 programs is noteworthy, having worked with six global multibillion-dollar companies, reducing emissions by over 20,000 metric tons of carbon dioxide equivalents and saving 7.4 billion gallons of water.
Raises $250M to Accelerate Sustainable Agriculture Initiatives (2023/09/18)
Indigo Ag raised over $250 million in its recent funding round. The investment will drive growth in the company’s sustainable agriculture programs, aimed at serving its customers and partners better. The funding round was led by Flagship Pioneering and included new investors like the State of Michigan Retirement System and Lingotto Investment Management. The company has shown remarkable financial growth with net revenues increasing by 40% YoY in 2022 and a 90% revenue growth for the first seven months of 2023 compared to the same period last year. The company plans to expand its digital products and launch 38 new biological products globally over the next 30 months to further its mission of turning sustainability into real value for the agricultural value chain.
Publishes Peer-Reviewed Research in Geoderma (2023/09/06)
Indigo Ag Inc published a peer-reviewed research article in the Geoderma journal validating the DayCent-CR model for quantifying the benefits of sustainable farming practices. The article underscores Indigo’s commitment to scientific rigor and transparency. The company has seen a 5x increase in carbon credits generated and a 200% increase in payments to farmers since its first carbon harvest in June 2022. Farmers across 22 states have received nearly $5 million in payments for their carbon credit production due to adopting sustainable practices. Indigo uses a hybrid approach for verification, combining direct measurement and modeling.
Enables Consumer Goods Companies To Reduce Scope 3 Emissions (2023/05/23)
Indigo Ag Inc is helping consumer goods corporations to reduce their Scope 3 emissions and water usage in agricultural supply chains with its Market+ Source (Scope 3) program. The program connects companies with sustainably produced crops in their supply chains and helps farmers transition to more sustainable practices. Indigo has partnered with several billion-dollar firms, delivering over 10 million bushels of sustainably farmed grains, saving nearly 15,000 metric tons of emissions and conserving 6.6 billion gallons of water. The program uses Indigo’s MRV resources to calculate environmental benefits, with farmer premiums of up to 10% for sustainably grown crops. Indigo is expanding its program to include additional crops in 2024.
Announces Completion Of Second Carbon Crop (2023/02/24)
Indigo Ag Inc., a leading agtech company, has announced the completion of its second carbon crop, which generated over 110,000 agricultural carbon credits. These credits were produced by around 430 farmers from 22 US states who participated in the agtech company Carbon by Indigo program. The program offers economic incentives to farmers who adopt sustainable farming practices that mitigate greenhouse gas emissions and improve soil health.
Indigo Ag & ISAOSA Ink Distribution Deal (2023/01/06)
Indigo Ag Inc. and ISAOSA will bring Indigo’s microbial technology, which has been shown to increase corn crop yields, to Mexican corn growers for the first time. ISAOSA will be the exclusive distributor for Indigo 30 in Mexico and add the product to its fertilizer portfolio. The companies have conducted trials over the past two years that have demonstrated significant yield improvements by combining Indigo ag company 30 with existing ISAOSA products. Commercial launch is planned for the first half of 2024 following the completion of the registration process.
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